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November 15, 2024 | By Ryan OriChicago considers taxing downtown landlords, joining nationwide effort to boost recovery

Commercial property trade group looks to create business improvement district after new legislation

A real estate trade group wants to create a business improvement district to improve safety and cleanliness and overcome historically high office and retail vacancy in downtown Chi...

November 15, 2024 | BY RYAN ORI
November 15, 2024 | By Andy PetersBiden administration finalizes $6.6 billion grant for TSMC project in Phoenix

CHIPS Act grants for other projects remain in limbo

The Biden administration finalized a $6.6 billion grant for Taiwan Semiconductor Manufacturing Co.'s chipmaking campus in Phoenix, although other grants from the same federal progr...

November 15, 2024 | BY ANDY PETERS
November 15, 2024 | By Lou HirshCushman adds to Northern California team; CIM boosts insurance services; Trilogy expands New York investment group

New hires, promotions and other personnel changes

Cushman bolsters Northern California operations

November 15, 2024 | BY LOU HIRSH
November 14, 2024 | By Andria ChengNew York to move ahead with first-in-the nation traffic congestion tolls

Passenger vehicles traveling to Manhattan’s central business district are set to be charged

New York Gov. Kathy Hochul, after halting the start of the nation's first traffic tolls aimed at reducing vehicle congestion, is reviving the plan after all.

November 14, 2024 | BY ANDRIA CHENG
November 13, 2024 | By Andria ChengNew York City Council votes to change decades-old apartment broker fee arrangement

The move is aimed at shifting responsibility to hiring party — usually landlords

The New York City Council voted to end the city’s decades-old broker fee arrangement where tenants pay apartment broker fees even when they didn't hire that professional to help th...

November 13, 2024 | BY ANDRIA CHENG
November 13, 2024 | By Jonathan Lehrfeld and Mark HeschmeyerPotential changes to federal workforce risk riling office markets, especially Washington, DC

Landlords face concerns of higher vacancies if government leases aren't renewed, investment bank says

Recent lease deals show the federal government is working to reduce the amount of office space it uses across the country. Now, President-elect Donald Trump's promises to cut the s...

November 13, 2024 | BY JONATHAN LEHRFELD AND MARK HESCHMEYER
November 13, 2024 | By Jonathan LehrfeldDC real estate law firm to merge into Miles & Stockbridge

Krooth & Altman to join growing East Coast firm by year end

Two real estate law firms that practice in Washington, D.C., will soon join forces.

November 13, 2024 | BY JONATHAN LEHRFELD
November 13, 2024 | By Paul OwersFlorida's largest property insurer wants to raise rates by nearly 14%

Higher insurance costs are changing priorities for homebuyers in Sunshine State

Policyholders of Florida's largest residential property insurer could be paying more in annual premiums, an increase that advocates say is necessary even if it leads to more frustr...

November 13, 2024 | BY PAUL OWERS
November 8, 2024 | By Moira RitterResidential real estate agents see hope in Trump victory

Some count on president-elect to push down mortgage rates but economists say that won't be easy

Taylor Swift blasted from speakers as hundreds of real estate professionals mulled around a ballroom at the Boston Convention and Exhibition Center, exchanging hugs, smiles and hel...

November 8, 2024 | BY MOIRA RITTER
November 8, 2024 | By Ryan OriIn move to defeat $300 million property tax increase, special meeting called for Chicago’s City Council

A majority of city’s 50 aldermen look to force Mayor Brandon Johnson to identify cuts instead

More than half of the members of Chicago’s City Council are calling for a special meeting next week to vote down Mayor Brandon Johnson’s proposed $300 million property tax increase...

November 8, 2024 | BY RYAN ORI
November 6, 2024 | By Lou HirshStock markets jump on election results; Dual-brand IHOP-Applebee’s set for Texas; Amazon starts Arizona drone deliveries

What you need to know to start your day

Stock markets jump on election results

November 6, 2024 | BY LOU HIRSH
November 4, 2024 | By Ryan OriOwner of Chicago office tower looks to keep possession despite $370 million foreclosure suit

Beacon Capital Partners says it remains in talks to restructure debt

The longtime owner of a 52-story office tower along the Chicago River said it wants to restructure its debt and maintain possession after being hit with a foreclosure suit over its...

November 4, 2024 | BY RYAN ORI
November 1, 2024 | By David HoltzmanCalifornia rent control proposal comes at time of renewed interest in housing costs

Opponents worry local limits will stifle new housing construction

Rent control seemed for a while to have been mentioned less in discussions about affordable housing around the country, even as the policy remained in major cities like New York, S...

November 1, 2024 | BY DAVID HOLTZMAN
October 31, 2024 | By Andria ChengChrysler Building land owner can start collecting rents from office tenants, judge rules

Lessee RFR’s terminated deal is ‘tremendous loss’ for New York, firm says

Real estate developer RFR, locked in a fight for control of the Chrysler Building in New York with the owner of the land beneath the iconic property, has been dealt a big setback.

October 31, 2024 | BY ANDRIA CHENG
October 30, 2024 | By Ryan OriChicago mayor breaks pledge, seeks $300 million property tax hike

Brandon Johnson’s proposed budget backtracks on key campaign promise, stirs opposition from owners

Chicago Mayor Brandon Johnson is proposing a $300 million property tax hike, reversing himself on a key campaign promise and setting up a new round of opposition from wary property...

October 30, 2024 | BY RYAN ORI
October 29, 2024 | By Jonathan LehrfeldPopular DC bagel shop remains in zoning battle while property is on the market

Washington, DC, zoning board to decide future of Call Your Mother in Georgetown next month

The fate of a popular bagel shop with a pink and teal facade in Washington, D.C.’s Georgetown neighborhood is up in the air as it remains in the thick of a lengthy zoning battle wi...

October 29, 2024 | BY JONATHAN LEHRFELD
October 29, 2024 | By Brannon BoswellProperty pros look for film tax credits to help lure real estate demand back to Los Angeles

Proposed increases in subsidies are aimed at reigniting local film industry

Local property professionals are looking for a proposed increase in California subsidies for Los Angeles film and television productions, planned to be among the highest offered by...

October 29, 2024 | BY BRANNON BOSWELL
October 28, 2024 | By David HoltzmanDC settles with another title insurer over allegations of compensating agents for referrals

Universal Title to pay $500,000 to settle the claim

The Washington, D.C., attorney general’s office reached a settlement with a title insurance company it had accused of giving kickbacks to real estate agents in exchange for referra...

October 28, 2024 | BY DAVID HOLTZMAN
October 24, 2024 | By Garry MarrCompetition Bureau moves forward with investigation of grocery sector

Federal watchdog wants input on property controls, offers confidentiality to participants

Canada's federal competition watchdog is inviting market participants to provide input about property controls in the country's grocery industry as part of an ongoing investigation...

October 24, 2024 | BY GARRY MARR
October 21, 2024 | By Jonathan LehrfeldDC mayor proposes to buy and lease Capital One Arena

Deal aims to keep sports teams in the city, help revitalize economic activity downtown

The mayor of Washington, D.C., is proposing the District buy Capital One Arena from the owner of the city sports teams it hosts and lease it back to them, a move meant to keep the ...

October 21, 2024 | BY JONATHAN LEHRFELD
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